Forex Trading Technical Analysis (2011/10/04) AUD/USD Drops to Key Support Target, Continued Bearish Bias
(Please click on the forex chart thumbnail to enlarge) 10/04/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Tuesday (10/04/2011) has dropped down to a key support target in the 0.9400 price region after five consecutive bearish days that brought the pair plummeting down from its correction highs near parity (1.0000). This [...]
Forex Trading Technical Analysis (2011/10/03) GBP/USD Targets Downtrend Continuation
(Please click on the forex chart thumbnail to enlarge) 10/03/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (10/03/2011) has resumed its strongly bearish bias within the context of a steep downtrend that has been in place for more than two months since the late August 1.6616 high. This downtrend established [...]
Forex Trading Technical Analysis (2011/09/20) USD/CHF Turns Back Up to Target New Highs
(Please click on the forex chart thumbnail to enlarge) 9/20/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Tuesday (9/20/2011) has once again risen to re-test key resistance around the 0.8900 price region, a level that was just tested and essentially respected early last week. After last week’s resistance test, price pulled back slightly in [...]
Forex Trading Technical Analysis (2011/07/08) Gold Strength Caps Off Steeply Bullish Week
(Please click on the forex chart thumbnail to enlarge) 7/08/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Friday (7/08/2011) has strengthened substantially for yet another day to cap off an entire week of bullish days. This significant strengthening occurs after price bounced off a strong confluence of support around 1475, which [...]
Forex Trading Technical Analysis (2011/06/30) AUD/USD Bullish Surge Breaks Consolidation
(Please click on the forex chart thumbnail to enlarge) 6/30/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Thursday (6/30/2011) has continued its upside momentum after yesterday’s bullish breakout above a clear descending triangle consolidation pattern. This triangle breakout occurs within the context of a long-term, year-long bullish trend that extends back [...]
Forex Trading Technical Analysis (2011/06/28) USD/CHF Hits New All-Time Low, Continues Bearish Trend
(Please click on the forex chart thumbnail to enlarge) 6/28/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Tuesday (6/28/2011) has hit a new all-time low, breaking down below the previous all-time low of 0.8325 that was just hit in early June. Having dipped below the 0.8300 figure, price action has tentatively [...]
Forex Trading Technical Analysis (2011/06/14) USD/CAD Breaks Down to Continue Bearish Trend
(Please click on the forex chart thumbnail to enlarge) 6/14/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (daily chart) as of Tuesday (6/14/2011) has broken swiftly down to break below a rising parallel channel that represented a bullish correction within a long-term bearish trend. This breakdown has brought price down to hit key support around [...]
Forex Trading Technical Analysis (2010/06/08) USD/CHF Strongly Bearish, Due for Bullish Correction
(Please click on the forex chart thumbnail to enlarge) 6/08/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (a daily chart of which is shown) as of Wednesday (6/08/2011) continues with a strongly bearish bias in line with the steep downtrend on multiple time frames. From a longer-term basis, price action has seen a clear and [...]
Forex Trading Technical Analysis (2011/05/12) EUR/CHF Leaning Toward Bearish Trend Continuation
(Please click on the forex chart thumbnail to enlarge) 5/12/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (a daily chart of which is shown) as of Thursday (5/12/2011) has begun to resume its bearish bias after price action re-tested key 1.2700 upside resistance earlier in the week. The 1.2700 level has recently been among the most important support/resistance pivot levels, and has served alternately as [...]
Forex Trading Technical Analysis (2011/05/03) GBP/JPY Drops to Critical 133.00 Support
(Please click on the forex chart thumbnail to enlarge) 5/03/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/JPY (a 4-hour chart of which is shown) as of Tuesday (5/03/2011) has declined substantially to hit key support in the important 133.00 price region, a level that has served exceptionally well as a support/resistance pivot point many times in the past. Having dropped to this [...]
